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Ascot Resources Ltd.

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Summary

Project:

Premier

Deposit:Premier
Location:Canada
Commodities:Gold-Silver-Zinc
Date:6/8/2016
Report Code:NI43-101
Report Type:Exploration/Drilling Update
Project Stage:Pursuing Resource Increase/Upgrade
Report details:8-6-2016: Ascot Resources Ltd. announces an Exploration/Drilling Update report for its Premier deposit at the Premier project. Drilling results incl. 37.00m @ 4.60g/t Au, 21.7g/t Ag, 1.03% Zn from 239.00m. Ascot’s initial drilling in 2016 is being concent
Resources:(not mentioned in this report)
CP/QP:[Overall Report]: Graeme Evans (Not stated)
ABSTRACT:Ascot’s initial drilling in 2016 is being concentrated in the old Premier Mine area where it will consist of 42,200 metres of drilling in 149 holes from 34 pads. The layout of the drill plan, based on twenty-five metre centres, will enable the Company to commission a maiden NI 43-101 resource on this area after the completion of the 2016 field season. Early results are demonstrating good continuity of the mineralization and include good grades between zones previously drilled by Ascot, including 3 recent drill holes intersecting visible gold in new areas not previously tested (results for these holes are pending). In its latest set of results from its 2016 drill program the Company announces hole P16- 946 below the “Obscene subzone” which intersected an uncut average of 8.89 g/t gold over a core length of 16.02 meters. Hole P16-973 intersected an uncut average of 9.33 g/t gold over a 12.00 meter interval at the eastern end of the “Lunchroom Subzone”.

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